Intraday Market Thoughts
Archived IMT (2008.10.09)
by
Oct 9, 2008 15:45
The correlation between equities and high yielding currencies remains extremely high, highlighted by the sharp decline in GBPUSD drops by more than a full cent to $17220 as US equities move from +1.4% to -1.0%. Same applies for Aussie and Yen crosses which lose over 2 yen across the board including USDJPY, AUDJPY to EURJPY. The ban on short sellers has proven to be no obstacle to a falling market. Now that the ban has expired today, prospects are dismal for stocks. This is the biggest Year-to-Date decline in the major equity indices in history.
Latest IMTs
-
Of Gold Extensions مقياس إمتدادات الذهب
by Ashraf Laidi | Apr 15, 2024 16:38
-
Bitcoin performance & Miners Prehalving
by Ashraf Laidi | Apr 9, 2024 17:07
-
English Translation to Arabic Interview
by Ashraf Laidi | Apr 7, 2024 21:01
-
فشل الفدرالي في إقناع الأسواق
by Ashraf Laidi | Apr 6, 2024 14:17
-
Typical Errors on Gold, Silver, USD
by Ashraf Laidi | Apr 1, 2024 16:14